Property Overview: 1181 Redwood Avenue
Section 1: Key Characteristics & Appeal
This bi-level home at 1181 Redwood Avenue presents a compelling mix of modern convenience and practical value. Its standout feature is its age; built in 2020, it is a newer construction that ranks in the top 1-3% of homes for its year built in both the immediate area and across Winnipeg. This translates to modern building standards, systems, and minimal immediate maintenance concerns.
The home’s appeal lies in this turnkey readiness, complemented by a renovated basement. With a living area just over 1,000 sqft, it offers functional space for a small household. The lot size, while below the citywide average, is typical for the neighborhood, offering manageable outdoor upkeep.
It would particularly suit first-time homebuyers or downsizers seeking a modern, low-maintenance property without the premium of a brand-new build. Investors may also find it attractive due to its newer condition and strong assessed value relative to the local market, which ranks in the top 4% for the Burrows Central neighborhood. It’s a practical choice for those prioritizing modern infrastructure in a well-established community.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or layout. A buyer should inquire about the scope of work, the quality of finishes, and whether it includes legal secondary suites or additional bedrooms.
2. How does the assessed value compare to the asking price?
The most recent assessed value is $30,700, and it last sold for $30,500 in December 2020. This suggests the property has held its value steadily in recent years. The asking price will indicate current market expectations.
3. Is the lack of a garage a significant drawback?
This depends on buyer needs. The property has no garage, which is common for many homes in the area. Buyers should consider on-street parking availability and their personal storage requirements.
4. The lot is noted as "below average" in size. How does that impact the property?
The lot is typical for Redwood Avenue and Burrows Central but smaller than the Winnipeg average. This means less yard maintenance, which can be a positive for some, but may limit expansion or extensive landscaping plans.
5. The home is newer, but what about the surrounding neighborhood?
Built in 2020, the house itself is modern. However, it’s situated on a street where comparable homes are, on average, much older (from around 1934). This offers the benefit of a new home within a mature, established community with existing amenities and tree cover.